By Peter Stoneham — Oct 21 - 04:20 AM
Underlying bear run could do with a larger correction
however, for now the 200DMA is closing the door
Rebound out of Thurs 1.0811 low hit the buffers at 1.0869-71, Fri/Mon highs
The 200DMA comes in at 1.0872 today and is flat lining
10DMA crossed under the 100DMA last week and now eyes the 200DMA
A mid-Nov 1.0998-1.1018 cloud twist might begin to drag on price
Bear trend intact while below 1.0936, 100DMA
We offer by 1.0930 but may have to pull the offer lower on a weak close
EUR/USD Trader TGM2334
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary